World Business: Assault on the Powerful

In the Philippine Republic, where political power and economic power are
closely intertwined, few have ever played the double game so well as
the brothers Lopez Eugenio, 61, and Fernando, 58. The older and
dominant brother, wizened, unsociable Eugenio. presides over "the
Molasses Fund." the war chest out of which the Philippines' potent
handful of big sugar planters underwrite the politicians of their
choice. Personable Brother Fernando, the team's working politician,
served as Vice President in the sleazy administration of President
Elpidio Quirino (1948-53), and is currently president protem-pore of
the Philippine Senate.